About your Search

20121128
20121206
Search Results 0 to 4 of about 5
that parliament at both houses need to approve any law to revise the boj law. but it would at apply pressure to take worldbolder steps to pr any revision to the law. >> could they just change the mandate? >> they could, but it's probably unlikely that the mandate will be changed. focusing on price stability. some politicians want the mandate to be changed so that job growth is added among their policy objectives. that's unlikely. but the government might ask the boj to set their inflation target at a higher rate than the current 1%, most likely 2%. >> why is a change of mandate unlikely? they're unhappy with what the bank of japan is doing and you're a democratically elected government, what's wrong with changing the mandate and get on with it? >> i think what's happening in japan is that inflation is there for so long, that changing any mandate dramatically without having the clear means to achieve it would just undermine the credibility of central bank as well as politicians and their policy making. so i think politicians are very much aware of that, so while they do apply stronger pressur
supporice support. >> all right. thanks for that, peter. swiss government has vetoed a proposed new law to increase transparency at commodity traders on the grounds that legislation would prove too string again. carolyn is in zurich. not often you hear regulators saying new rules would be too stringent, but here we go. so why? >> yeah, you have to ask why would the swiss cabinet rule against this motion whiches for terse more transparency. this is also in part a law which would force trading houses to declare the payments that they make to the resource rich countries. so why would they veto against it? you have to understand, and i'm not trying to justify anything here, the commodity trading business is a huge contributor to tax revenues here. 20 billion swiss francs is year is what we're talking about. takes very secretive have i. you have big trading houses and they want low taxes and political stability and i'm sure there's a huge lobby really lobbying for this law not to be passed. but really this is at odds with other legislation which is now being pushed forth bri the u.s. and eu
to be cleared by both houses of parliament before it becomes the law of the land. as of now, all our political sources seem to indicate that the government is safe when it comes to the numbers in the lower house of parliament, but it's looking uncertain and shaky when it comes to the register but for the upper house of parliament. most political parties who are in opposition have stridently opposed retail saying it will kill the small retailer in india, it's going to be aunt consum -- anti-consumer, the government feels it will actually create jobs, will bring in technology, will create infrastructure in the supply chain so currently a debate of we are expecting the lower parts of parliament to take a vote on this matter about 7:00 p.m. india time. it seems like it will go through the low herb house, but the big question mark is on the upper house of parliament and that is where the arithmetic doesn't seem to be working in favor of government. foreign investors are going to be watching this very closely because if this is turned back, if there is a u-turn on this poll circumstance it means tha
markets under u.s. law should have a little bit more confidence that they may actually be able to, you know, get countries to react. i think going forward, this has been a benefit. >> hans, do you expect argentina to make this payment by december 15th? >> that's -- i think what's being suggested now is that if they're going to pursue the legal avenues, that they're going to have to post a payment -- the payment of the 1.3 billion in escrow. what's interesting is guillermo nielsen, the debt negotiator for argentina back in the first go-around, the 2005 exchange, frankly i consider it to be quite a bit part of the problem in not dealing with the creditors, but even he suggested that they post the payment into escrow and let the legal process go. we've heard in argentina that the main person who is opposing sort of a rational process in seeing how this goes is the president, christina fernandez kirshner, but that there seems to be a bit more of thought that they make this payment. actually, just a payment to elliot, to aurelias, i'm not sure it's going to be in the cards. i think the choi
bipartisan enshrined in law to deal with this by having a phased in entitlement reform. it's very hard as a practical matter to see that happening without a bond market crisis. >> and we don't have much time, but what would be the key planning of that entitlement reform? >> rolling back the unfunded medicare giveaways of the second george w. bush administration. >> medicare and medicaid combined 20%. so huge. we want to give you a quick sense of the agenda in the u.s. october personal income and intending with the savings rate will be out at 8:30 a.m. eastern. at 10:00 a.m., we'll get the november chicago pmi. expected to show a reading of 50 which is a slight uptick from last month. and an important gauge of the ism data that we'll get later. stick around because straight ahead, a welcome phillip for japan as factory output rises for the first time in four months. is the worst finally over? we'll weigh in. and we'll leave you with a view of the heat map. up 0.05%. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to g
Search Results 0 to 4 of about 5

Terms of Use (10 Mar 2001)